MENA Hazardous Goods Logistics Market (Services - Transportation, Warehousing and Distribution, and Value Added Services; Destinations - Domestic, and International): Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report ongoing study by Infinium Global Research on the hazardous goods logistics market provides an in-depth analysis of segments and sub-segments in the MENA as well as regional hazardous goods logistics market. The study also highlights the impact of drivers, restraints, and macro indicators on the MENA and regional hazardous goods logistics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the MENA hazardous goods logistics market. The MENA hazardous goods logistics market was valued at about USD 8 billion in 2022 and is expected to reach up to more than USD 11 billion by 2028, with a CAGR of nearly 6% over the forecast period.

Market Insight

Hazardous goods are the substances such as oils, gas, chemical products, and radioactive substances. Hazardous goods are substances, materials, or articles that are covered by the IMDG Code. They have properties to harm humans or show an adverse effect on the environment. Hazardous goods are materials with hazardous properties that if not properly controlled, may present a potential hazard to human and animal health and safety, the environment, and infrastructure. The logistics or transport of hazardous goods is nothing but the movement or transit of these highly risky substances from one place to another. The team specializes in the transportation of goods like explosives, and flammable, toxic, and corrosive materials. There are different mode of transportation of hazardous goods which includes land, sea, waterways, rail, or even by air.

Around a third of the world’s oil is produced in the Middle Eastern region. The rising production in the oil and gas industry generates the need for logistics or transportation, which helps to propel the growth of the market in the region. Additionally, the increase in petrochemical demand has helped to boost the demand for trucking services for the transportation of oil & gas, which is a hazardous good. The presence of industry players in the region coupled with robust infrastructure adds to the development of the hazardous goods logistics market in the region. Thus, the increase in petrochemical demand and rising production in the oil and gas industry boost the growth of the market. However, the potential risks related to the transportation of hazardous goods are expected to hamper the market’s growth. Moreover, after considering the rising consumption and production of hazardous substances in MENA, a surge in technological advancement may provide growth opportunities to the market.

The MENA hazardous goods logistics market is segmented into Saudi Arabia, UAE, Qatar, Kuwait, Egypt, Algeria, and the rest of the MENA. Saudi Arabia has been the largest market in terms of revenue generation during the past decade. Saudi Arabia is a prominent supplier of oil and gas. Most of the chemical producers singe supply agreements for the long term with the national oil companies, to get large and abundant supplies, which shows the constant and long-term hazardous goods logistics activities in the country. Additionally, The United Arab Emirates has far been the most successful country in getting high revenue from fossil fuels, having established itself as a leading producer of fossil fuels and a financial hub for the Middle East region which helps in the expansion of the hazardous goods logistics market in the region.

Report Scope of the Hazardous Goods Logistics Market:

Segment Covered

The report on MENA hazardous goods logistics market covers segments such as services, and destinations. On the basis of services, the sub-markets include transportation, warehousing and distribution, and value added services. On the basis of destinations, the sub-markets include domestic, and international.

Companies Profiled:

The report provides profiles of the companies in the market such as Agility, BDP International, Bertschi AG, Al Futtaim - Logistics, AAA FREIGHT SERVICES LLC, Aramex, Emirates Logistics L.L.C, Al Ghazal Transport UAE, A.P. Moller - Maersk, and DSV.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the hazardous goods logistics market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.